MGYR - NASDAQ
Magyar Bancorp, Inc.
$17.15
+0.058%Magyar Bancorp, Inc. operates as the holding company for Magyar Bank that provides various consumer and commercial banking services to individuals, businesses, and nonprofit organizations in New Jersey, the United States. It accepts various deposit accounts, including demand, savings, NOW, money market, and retirement accounts, as well as certificates of deposit. The company also provides residential mortgage loans, multi-family and commercial real estate mortgage loans, home equity loans and lines of credit, commercial business loans, and construction loans, as well as small business administration loans. In addition, it offers non-deposit investment products and financial planning services, including insurance products, fixed and variable annuities, and retirement planning for individual and commercial customers; and buys, sells, and holds investment securities. The company has seven branch offices located in New Brunswick, North Brunswick, South Brunswick, Branchburg, Bridgewater, and Edison, New Jersey. Magyar Bancorp, Inc. was founded in 1922 and is headquartered in New Brunswick, New Jersey.
At a Glance
Live SnapshotMagyar Bancorp, Inc. Dividend History
MGYR Dividend Payment History
Total Payments
22
Latest Dividend
$0.1000
Annual Amount
$0.4200
Frequency
Quarterly
| Declaration | Ex-Date | Payment Date | Dividend | Adjusted | Frequency | Growth |
|---|---|---|---|---|---|---|
Apr 23, 2026 | May 7, 2026 | May 21, 2026 | $0.1000 | $0.1000 | Quarterly | 0.00% |
Jan 29, 2026 | Feb 12, 2026 | Feb 26, 2026 | $0.1000 | $0.1000 | Quarterly | +25.00% |
Oct 30, 2025 | Nov 13, 2025 | Nov 25, 2025 | $0.0800 | $0.0800 | Quarterly | 0.00% |
Jul 24, 2025 | Aug 7, 2025 | Aug 21, 2025 | $0.0800 | $0.0800 | Quarterly | +33.33% |
Apr 30, 2025 | May 14, 2025 | May 28, 2025 | $0.0600 | $0.0600 | Quarterly | 0.00% |
Jan 23, 2025 | Feb 6, 2025 | Feb 20, 2025 | $0.0600 | $0.0600 | Quarterly | +50.00% |
Nov 22, 2024 | Dec 6, 2024 | Dec 20, 2024 | $0.0400 | $0.0400 | Quarterly | -20.00% |
Oct 31, 2024 | Nov 14, 2024 | Nov 27, 2024 | $0.0500 | $0.0500 | Quarterly | 0.00% |
Jul 25, 2024 | Aug 8, 2024 | Aug 22, 2024 | $0.0500 | $0.0500 | Quarterly | 0.00% |
Apr 23, 2024 | May 7, 2024 | May 21, 2024 | $0.0500 | $0.0500 | Quarterly | 0.00% |
Jan 25, 2024 | Feb 8, 2024 | Feb 22, 2024 | $0.0500 | $0.0500 | Quarterly | -28.57% |
Nov 14, 2023 | Nov 28, 2023 | Dec 12, 2023 | $0.0700 | $0.0700 | Quarterly | +75.00% |
Oct 30, 2023 | Nov 9, 2023 | Nov 24, 2023 | $0.0400 | $0.0400 | Quarterly | +33.33% |
Jul 20, 2023 | Aug 3, 2023 | Aug 17, 2023 | $0.0300 | $0.0300 | Quarterly | 0.00% |
Apr 20, 2023 | May 4, 2023 | May 18, 2023 | $0.0300 | $0.0300 | Quarterly | 0.00% |
Jan 26, 2023 | Feb 9, 2023 | Feb 23, 2023 | $0.0300 | $0.0300 | Quarterly | -62.50% |
Nov 15, 2022 | Nov 29, 2022 | Dec 13, 2022 | $0.0800 | $0.0800 | Quarterly | +166.67% |
Oct 27, 2022 | Nov 10, 2022 | Nov 23, 2022 | $0.0300 | $0.0300 | Quarterly | 0.00% |
Jul 26, 2022 | Aug 4, 2022 | Aug 18, 2022 | $0.0300 | $0.0300 | Quarterly | 0.00% |
Apr 21, 2022 | May 5, 2022 | May 19, 2022 | $0.0300 | $0.0300 | Quarterly | 0.00% |
Jan 27, 2022 | Feb 10, 2022 | Feb 24, 2022 | $0.0300 | $0.0300 | Quarterly | -75.00% |
Nov 16, 2021 | Nov 30, 2021 | Dec 14, 2021 | $0.1200 | $0.1200 | Quarterly | - |
Magyar Bancorp, Inc. Payout Ratio Analysis
Dividend Sustainability Analysis
Payout Ratio
Conservative payout with excellent safety margin. Company retains significant earnings for growth, acquisitions, or building cash reserves. Dividend is highly sustainable.
FCF Payout Ratio
Excellent FCF coverage. Dividend is well-supported by actual cash generation with ample room for increases and business reinvestment.
Dividend Growth
Dividend cut is concerning. Investigate whether due to one-time factors or fundamental business deterioration. Reassess dividend sustainability.
Sustainability
Sustainable dividend with adequate coverage. Some areas for improvement but overall appears safe for dividend investors.
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Statements
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